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Comparison rates

All lenders need to show a comparison rate for a specific loan example to make it easier to understand the true cost of a loan.

This is an indicative interest rate that is designed to help you identify the 'true cost' of a loan.

It takes into account the interest rate plus known fees and charges that relate to a loan, in an attempt to express the costs of a loan into a single figure.

While some lenders advertise low rates, but have high monthly fees, for our unsecured personal loans, there is only one fee and charge to include — our establishment fee.

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